5 Tips On Quoting That Will Get More Work For Your Trades Business Doing Enough Quotes? So the first one here, I’ve put it down as, do enough quotes. What I find is some business owners, they get too busy and they stop quoting, and then they sort of start to run out of work and find themselves in a position where they have to win the jobs that they’ve already quoted. They find themselves in this game of, “Well, I’ll take some price off to close it.” So all of a sudden their margin starts dropping. Having enough quotes in the pipeline and having them done consistently means that you can pick and choose jobs, and you don’t find yourself having to slash prices and adding extra scope and things like that, just to keep enough work in the workshop. So very important one, I would say one of … Read more

Today I’ve got a little topic that came up with one of my customers which is really common. It is getting paid on time. This business is in the construction industry and it’s the start of February and guess what, they haven’t been paid

There are many reasons people decide to run their own business and one of the most important is to make profits.  So let’s learn the proper way to work out how to quote for jobs with a specific profit margin.  Just like the last blog, it’s easier to follow the process by using an example.

This is the last video in the three-part series on how to calculate cost plus work. In the previous two blogs and videos, the different parts of this calculation have been covered and this final one brings them altogether.

There are many reasons people decide to run their own business and one of the most important is to make profits.  So let’s learn the proper way to work out how to quote for jobs with a specific profit margin.  Just like the last blog, it’s easier to follow the process by using an example.

To keep everything clear, we’ll use straight forward maths so the process is easy to follow and you can repeat it in your business.

Today we’re going to learn about how to allow for overheads when calculating cost plus work.  Knowing how to do this will help keep your business profitable and will ensure all your hard work pays off. 

Knowing the real cost of wages to your business is critical for being able to put together accurate quotes that ensure profits for every job. There are a number of steps that need to be followed to work out the real cost of wages and the easiest way to explain it is with an example.